World Bank Procurement Framework

The World Bank Procurement Framework sets rules and procedures for buying goods, services, and construction projects needed for development programs it funds. Its goal is to ensure transparency, fairness, and value for money while promoting competition among suppliers. The framework applies to projects like building schools or infrastructure in developing countries, guiding how organizations select vendors and manage contracts. It balances cost-effectiveness with quality and integrity, helping countries implement projects efficiently and ethically, ultimately supporting sustainable development and positive community impact.